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UKThere’s no doubt that Xero is a good finance software for small businesses and start-ups. However, as your business grows, you will have more complex needs such as managing high transactional volumes and consolidating across entities.
Software such as Xero is designed for the needs of small business and so fulfills basic accounting needs. You may already be feeling the pain points of outgrowing Xero as it no longer provides your company with the level of visibility, insight, and control you require, or you may be wanting to future proof your business as you approach the mid-market business space, either way you have come to the right place and we are here to help you.
“Xledger’s consultants are also accountants, so it’s great to have someone talking to you about the finance software that actually understands the debits and credits.”
Like Xero, Xledger is a cloud-based finance software. This means, you will always be on the latest version of the software, with no need for pricey or time-consuming updates. Where we differ is Xledger is designed specifically to service mid-market organisations as it has an unlimited number of transaction volumes, superior insight technology, integrated functions, and simple consolidation processes. Here are the top 3 reasons why our customers migrated to Xledger:
Do you generate over 2000 invoices per month? Xero has a ‘soft’ monthly transaction limit of 1000, and having large transaction volume, can affect the performance of the system. Xledger, on the other hand, handles unlimited transaction volumes, which means your business can scale as your customer base increases – a key differentiator from the competition.
For many companies, generating timely and accurate financial statements is a challenge. This can be exponentially more difficult if you are running a multi-entity organisation that must be consolidated. Therefore, managing multiple companies in a software designed for single entity use can lead to multiple versions of the truth, causing a breakdown in the delivery of real-time information.
Xledger’s unique, hierarchical entity structure removes the requirement for an Excel-based consolidation, producing a real time, in-system consolidation that can be analysed and interrogated at will. We support over 22 languages and all international currencies, providing flexible currency management at both entity and consolidated levels.
Xero excels at core accounting, but that is all it does. For anything else, you will need to add 3rd party apps, including simple functions such as OCR. If you require more than 5-6 apps, then this may not be the best way for your finance team. Why? Simply, because having all these systems talking to Xero can lead to a significant slowdown in the system.
From core accounting to donor management, Xledger equips your organisation with a comprehensive and unified cloud-based finance software that is easy to implement, configure and update. With Xledger, mid-market organisations can wield industrial-strength functionality once restricted to large enterprises. Get in touch to learn more today.
We met with the Finance Operations Manager in the spring of 2022 to understand what they thought of their experience with Xledger and the value it has added to their organisation. Trussell is a national charity that exists so we can all be free of hunger.
In this two-part series, focusing on all sectors, our team of experts from Xledger explore the scoping and implementation of a new finance system, featuring Tim Wright (Operations Director), Zheng Zeng (Consulting & Support Manager), Ana Rodrigues (Project Manager), and Robb Webb (Senior Business Development Manager). Learn about their insights and experiences from working on finance transformation projects.
Financial management can be intimidating for organisations looking to expand beyond a single entity. Fortunately, multi-entity accounting can serve as an integrated solution for parent businesses that oversee multiple companies and diverse entities.
Have any questions on Xledger’s finance software?
Get in touch with one of our dedicated team.
